Silverstein signs world trade group at 120 Broadway

Larry Silverstein and 120 Broadway
Larry Silverstein and 120 Broadway

The World Trade Centers Association, a trade group that represents more than 300 international trade facilities in 90 countries, is moving closer to those properties in Manhattan.

The group inked a 10-year lease at Silverstein Properties’ 120 Broadway in Lower Manhattan. The deal is for a furnished, 11,911-square-foot space on the 33rd floor of the property, also known as the Equitable Building, near Pine Street. Asking rent was more than $42 per square foot.

The WTCA now operates at the Gray Bar building at 420 Lexington Avenue in Midtown.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Camille McGratty, Silverstein’s vice president, represented the landlord in-house, while Norman Bobrow & Company executive managing director Shawn Harooni represented the tenant, Real Estate Weekly reported.

Over the past year, average asking rent per foot at the building rose from $45.44 to $45.71, and the availability rate fell to 15.9 percent from 16.7 percent, Colliers International data showed. [REW]Mark Maurer